Yesterday’s deadly explosion sent shock waves across Beirut, killing over a 100 people, wounding thousands, and wrecking our capital city.  Our Beirut office has been damaged by the blast, but we are glad to report that all members of Obeid Law Firm are safe. 

The ten-year US $1.2 billion Eurobonds with a coupon rate of 6.375% are due to mature on 9 March 2020, amidst an unprecedented economic and financial downturn in Lebanon, and a forthcoming debt crisis.

The prospect of Lebanon defaulting on its payment obligations raises significant legal implications to both local and international investors.